Ibex Investors LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 1,356 shares of the software company’s stock, valued at approximately $212,000.

Several other institutional investors also recently made changes to their positions in ADSK. Commerce Bank boosted its holdings in Autodesk by 2.9% in the third quarter. Commerce Bank now owns 14,746 shares of the software company’s stock valued at $2,302,000 after purchasing an additional 412 shares in the last quarter. HL Financial Services LLC boosted its holdings in Autodesk by 8.3% in the second quarter. HL Financial Services LLC now owns 5,544 shares of the software company’s stock valued at $727,000 after purchasing an additional 425 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its holdings in Autodesk by 1.5% in the third quarter. Nissay Asset Management Corp Japan ADV now owns 29,678 shares of the software company’s stock valued at $4,633,000 after purchasing an additional 439 shares in the last quarter. HPM Partners LLC boosted its holdings in Autodesk by 11.3% in the second quarter. HPM Partners LLC now owns 4,486 shares of the software company’s stock valued at $588,000 after purchasing an additional 457 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Autodesk by 34.6% in the third quarter. IFP Advisors Inc now owns 1,786 shares of the software company’s stock valued at $279,000 after purchasing an additional 459 shares in the last quarter. 94.02% of the stock is owned by institutional investors and hedge funds.

ADSK stock opened at $139.84 on Thursday. The company has a market capitalization of $30.57 billion, a PE ratio of -87.40, a PEG ratio of 41.46 and a beta of 1.96. Autodesk, Inc. has a twelve month low of $101.55 and a twelve month high of $159.94.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 20th. The software company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Autodesk had a negative return on equity of 3,087.49% and a negative net margin of 13.37%. The business had revenue of $661.00 million during the quarter, compared to analysts’ expectations of $641.07 million. During the same quarter in the prior year, the business earned ($0.12) earnings per share. The company’s quarterly revenue was up 28.3% compared to the same quarter last year. Sell-side analysts predict that Autodesk, Inc. will post 0.09 EPS for the current fiscal year.

A number of brokerages recently issued reports on ADSK. Barclays upped their price target on Autodesk from $152.00 to $166.00 and gave the company an “overweight” rating in a report on Friday, August 24th. KeyCorp upped their price target on Autodesk from $150.00 to $168.00 and gave the company an “overweight” rating in a report on Friday, August 24th. Argus raised Autodesk from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, November 23rd. Zacks Investment Research reaffirmed a “hold” rating on shares of Autodesk in a report on Monday, November 12th. Finally, Guggenheim reaffirmed a “neutral” rating and issued a $150.00 price target on shares of Autodesk in a report on Wednesday, August 8th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $160.63.

In other Autodesk news, Director Crawford W. Beveridge sold 1,000 shares of the stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $149.77, for a total value of $149,770.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 23,008 shares of the stock in a transaction on Friday, October 5th. The stock was sold at an average price of $152.03, for a total value of $3,497,906.24. The disclosure for this sale can be found here. 0.14% of the stock is owned by corporate insiders.

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About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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